As the world progressed, the search for individual employees
became a search for contractors. Due to the whole work being assigned to a
single person who has a team of employees working under him is a convenience many
find useful. Contractors may have more understanding of how to do the work but they
don’t have to obey the rules and regulations that an employee is obligated to.
Where the contractors are the best way to save a few bucks
in carrying out a task, separate employees are beneficial to do work faster under
your own supervision. There are benefits embedded in incorporating contractors
and well as employees.
There are a lot of factors that come into play when you are
choosing between hiring contractors or workers such as retirement plans,
insurance plans, their salary and, in some cases, workers bringing their own
supplies to work with. The main thing that you as a business owner must
consider is if you want to be under control and supervise your workers or let someone
else do this job.
The following infographic will help you make up your mind
based on different things you want from your business.
Infographic by: Headwaycapital.com
